- LANXESS will receive 200,000 MWh of green electricity from 2026 to 2028.
- This will reduce CO2 emissions by 60,000 tons compared to the German electricity mix.
- VERBUND operates 22 run-of-river power plants in Bavaria with a capacity of 1,040 MW.
- VERBUND plans EUR 5.9 billion in investments by 2027 for sustainable energy projects.
Green Electricity Agreement
LANXESS has signed a contract with VERBUND for the supply of green electricity from 2026 to 2028. The electricity will be sourced from hydroelectric power plants on the Inn River in Bavaria, Germany, providing a sustainable power supply for LANXESS's production sites in Bergkamen, Bitterfeld, Brunsbüttel, Mannheim, and Wietmarschen.
Carbon Footprint Reduction
This agreement will enable LANXESS to reduce its carbon footprint by approximately 60,000 tons of CO2 compared to the German electricity mix. This initiative is part of LANXESS's broader strategy to achieve climate-neutral production by 2040.
VERBUND's Hydropower Operations
VERBUND operates 22 run-of-river power plants in Bavaria and on the Bavarian/Austrian border, with an installed capacity of 1,040 MW and an annual generation of 5.9 TWh, of which 4.0 TWh is allocated for Bavaria. The company is committed to maintaining high ecological standards, including measures for aquatic ecology protection and habitat preservation.
Investment in Sustainable Energy
VERBUND is investing significantly in sustainable energy projects, with plans to allocate EUR 5.9 billion by 2027. This includes EUR 400 million for ecological projects by 2030, focusing on species protection, fish migration, and ecosystem preservation. These efforts align with VERBUND's goal of achieving net-zero greenhouse gas emissions by 2050.
LANXESS's Climate Goals
In addition to its production targets, LANXESS aims to make its entire value chain climate neutral by 2050, in line with the Paris Climate Agreement's 1.5°C reduction path. The Science Based Targets initiative has validated these goals, and LANXESS has been recognized in the Climate A List by the CDP climate protection initiative.
